Identifies 46 bills, encourages future legislatures to continue critical racial equity work*
Maine Legislature urged to protect its historic preservation tax incentive by coalition of historic preservation advocates and industry leaders
Free training classes to begin early November 2020 in the Downeast region
September 2, 2020 (Brunswick, ME) – CEI recently hired six new professionals to join their accounting, lending and business advice teams. They include: Molly Gerencer, loan and investment officer; Mary Cay Harrington, fund accountant; Grace Mo-Phillips, business advisor; John Michael Nadeau, senior accountant; Nikki Yanok, associate loan and investment officer; and Jenn Stein, business advisor & food systems specialist with our Small Business Development advising team.
Charles J. Spies, III Announces Retirement; Traci R. Vaine to Succeed as CEO on October 1, 2020
August 17, 2020 – The Maine Department of Economic & Community Development (DECD) in partnership with the Maine Small Business Development Centers (SBDC) will provide grants of up to $5,000 for businesses with five or fewer employees, with an owner whose income is in the low to moderate range as defined by the Department of Housing and Urban Development (HUD).The money is part of the $11 million Maine received from the federal CARES Act for its Community Development Block Grant (CDBG) program. Approximately $2 million of the allocation is being made available through the Micro-Enterprise Grant Program in partnership with the Maine Small Business Development Center. The funds for the program are being distributed through Androscoggin Valley Council of Governments (AVCOG), Coastal Enterprises, Inc. (CEI), Northern Maine Development Commission (NMDC), and Southern Maine Planning & Development Commission (SMPDC).
June 15, 2020 (Brunswick, ME) – The TD Charitable Foundation, the charitable giving arm of TD Bank, America’s Most Convenient Bank®, recently donated $100,000 to Coastal Enterprises, Inc. (CEI) to assist in providing services to those impacted by COVID-19 in Maine.
June 11, 2020 (Brunswick, ME) – Small businesses are the core of Maine’s economy. In 2019, businesses defined by the U.S. Small Business Administration (SBA) as “small” (with fewer than 500 employees) made up 99 percent of all Maine Business and employed over half of the State’s workforce[i]. When the COVID-19 pandemic forced many small businesses to close their doors in response to health concerns and state guidelines, the impact was felt immediately.
June 3, 2020 (Brunswick, ME) – Coastal Enterprises, Inc. (CEI) stands with millions of people worldwide who will not tolerate racially motivated brutality and injustice. To those who spread hate, fear and violence in order to divide us, we say: stop now.
May 18, 2020 (Brunswick, ME) – Coastal Enterprises, Inc. (CEI), Community Concepts Finance Corp and MaineStream Finance are offering special loan products supported by SBA funds in a collaboration to help businesses across Maine gain access to the capital they need to rebuild from the devastating impact of the COVID-19 pandemic.